In my country over the past few months, the interest rates have been declining. Our government aims to stimulate the economy through a set of financial policies but there seems to be less effective than before. Under the backdrop of the global economic recession, no government will be able to outperform others easily. The dilemma we are facing now is that we are actually losing whether to spend the few money we have at hands or to save it in banks for less and less interest. Real estate is collapsing and even the rich people have no options to invest.
The source of the problem lies in how far the individual can make money every month, because this is related to the fulfillment of every human life. Recession and inflation have dissolved everything and few people are able to survive under this pressure, moreover the available job status affects the poverty rate every year and it is increasingly difficult for people to get financial resources to fulfill their daily lives. The problem is the extent to which the government is present to provide solutions and almost many countries fail to achieve this equality, people are required to continue to manage their own lives with various considerations of aspects of work and those who fail will continue to have problems
No one can talk about investing in these circumstances and there is no point in making literacy and encouraging people to invest because all they are thinking about right now is how to get a job and how to fulfill their daily needs. When individuals are strong in the economy it may be true that investing is a good choice and that's how people keep cash flowing even if it's slow instead of keeping it in a bank that yields nothing.
What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.
Our country has not had much impact on the global recession and inflation because we have food sources that can be processed independently and even though talking about employment is difficult and there is still a lot of unemployment that has the effect of post-pandemic recovery, least so far food needs are still sufficiently fulfilled and still enough to sustain community life.
This will be much more problematic when the community does not have the option to find a new job and in the following year it is not certain that the community's economic resources will recover. Government programs are one way to get out of this problem, they must be in favor of the wider community with programs based on the economy and the housing business.